Even when the market goes against a trader must always be prepared and equipped.
No need to go into something more complicated like compounding and managing a position or a set of positions, just keep it simple:
Even when you are long on 5-6 assets you can always have 1 or 2 shorts on. They will make things a lot easier and always keep you alive, even if your risk management is wrong (now that's the big subject but we will talk about that some other time).
Will the market rebound or we will it go lower?
Well, Bitcoin is still in the channel:
then again this can end up going souther so while attempting to buy the dip this position remains open. Until Longs have succeeded and in the money and stop-lossed (managed) adequately.
At the end of the day again:
Predicting the market is less than 20% of the success.
Managing yourselves and the positions is over 80%..Think about that.
One Love,
The FXPROFESSOR
No need to go into something more complicated like compounding and managing a position or a set of positions, just keep it simple:
Even when you are long on 5-6 assets you can always have 1 or 2 shorts on. They will make things a lot easier and always keep you alive, even if your risk management is wrong (now that's the big subject but we will talk about that some other time).
Will the market rebound or we will it go lower?
Well, Bitcoin is still in the channel:
then again this can end up going souther so while attempting to buy the dip this position remains open. Until Longs have succeeded and in the money and stop-lossed (managed) adequately.
At the end of the day again:
Predicting the market is less than 20% of the success.
Managing yourselves and the positions is over 80%..Think about that.
One Love,
The FXPROFESSOR
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